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Article: Heading northward: both prices and development in Miami Beach are heading northward, as South Beach's building boom begins to wind down, and attention shifts to North Beach.(Residential Real Estate)
- Article from:
- South Florida CEO
- Article date:
- April 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 CEO Publishing Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As little as a year ago, anyone would have said the real estate hot spot in Miami Beach was SoFi, the area of South Beach south of 5th Street that includes Southpointe. That was before Canyon Ranch came to North Beach. The world-famous Arizona spa announced it would open a location in Miami Beach, on a North Beach site that development firm WSG had originally set for an "ordinary" oceanfront condominium. Along with the resort and destination spa would be the first Canyon Ranch immersion-living community.
WSG had scored a major coup. Suddenly, people realized that the area between 60th and 79th Streets had some 2,400 condominium units planned or under ...